MITCHAM 5062
State: SAPosiProp AI Investment Summary
MITCHAM (SA 5062) offers a compelling profile for property investors. The suburb currently holds an average rental yield of 2.7% and has experienced a 12-month capital growth of Down -7.9%, with a median house buy price of $1,575,000. This combination provides a balanced growth-and-yield potential for investment portfolios in Australia.
Market Yield & Price Indices
$1,140,000
$1,427,000
$1,876,500
$1,575,000
Suburb Market Profile
Last month Mitcham had 6 properties available for rent and 7 properties for sale. Median property prices over the last year range from $1,575,000 for houses to $728,500 for units. If you are looking for an investment property, consider houses in Mitcham rent out for $823 PW with an annual rental yield of 2.7% and units rent for $550 PW with a rental yield of 4.0%. Mitcham has seen an annual compound growth rate of -7.9% for houses and 16.1% for units.
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